Gold futures rise on spot demand

New Delhi, Jan 1 (PTI) Gold prices on Wednesday increased Rs 141 to Rs 76,889 per 10 grams in futures trade as speculators created positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 141 or 0.18 per cent at Rs 76,889 per 10 grams in a business turnover of 12,386 lots.

Fresh positions built up by participants led to a rise in gold prices, analysts said.

Globally, gold futures rose 0.87 per cent to USD 2,641 per ounce in New York.